Phoenix Luxury Homes
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Home | $800~$2M | $2M~$4M | $4M~$6M | $6M+ | Condos~THs | Open House | Market Report | Office Listings | Sellers | ~ Select Cities ~ Cave Creek | Paradise Valley | Phoenix | Scottsdale | Neighborhoods
Welcome to Phoenix Luxury Homes where we hope you enjoy your time here. Your Search Results will appear below showing the “Newest Listings” first. We can also provide Live Video Previews for your favorite Luxury Homes! 🙂
(Phoenix Luxury Homes)
Our Median Sales Price in October was $1,085,000, up 9.1% from $994,700 in October of 2020 and down -5.7% from $1,150,000 last month. The average sales price in October was $1,285,881, up 1.8% from $1,263,256 in October of 2020 and down -2.4% from $1,316,873 last month. October 2021 ASP was at highest level compared to October of 2020 and 2019. (more market report below photos)
We can currently see (306) Luxury Homes available today in Phoenix.
Phoenix Luxury Homes ~ Newest Listings
Phoenix Luxury Homes ~ Monthly Market Report
(for Phoenix Luxury Homes) Our October property sales were 157, up from 126 in October of 2020 and 11.3% higher than the 141 sales last month. October 2021 sales were at their highest level compared to October of 2020 and 2019. October YTD sales of 1,378 are running 90.3% ahead of last year’s year-to-date sales of 724.
(for Phoenix Luxury Homes) The total inventory of properties available for sale as of October was 330, up 13.4% from 291 last month and up 18.3% from 279 in October of last year. October 2021 Inventory was at highest level compared to October of 2020 and 2019.
The average Days On Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a buyer’s market, a downward trend a move towards more of a seller’s market. The DOM for October was 28, down from 33 days last month and down from 54 days in October of last year. The October 2021 DOM was at its lowest level compared with October of 2020 and 2019.
Selling Price / Square Foot
The selling price per square foot is a great indicator for the direction of property values. Since median sales price and average sales price can be impacted by the ‘mix’ of high or low end properties in the market, the selling price per square foot is a more normalized indicator on the direction of property values. The October 2021 selling price per square foot of $405 was up 3.6% from $391 last month and up 22.4% from $331 in October of last year.
Selling Price vs Listing Price
The selling price vs listing price reveals the average amount that sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a buyer’s market exists, a ratio at or above 100% indicates more of a seller’s market. The October 2021 selling price vs list price of 99.1% was down from 99.4% last month and up from 96.9% in October of last year.
Whether you’re thinking about buying or selling, you can contact us directly to discuss your local market. We’d love to be your trusted real estate adviser if you’re looking to make a change this year. Please feel free to contact us with any questions, as we will be happy to hear from you – Thanks!! (480)208-7955 ~ Our Office is located here, and you can also see us at Paradise Valley Homes 🙂